How To Fix ICC-FI459 - Select one interest rate per due date for account &, &

SAP Error Message - Details

• Message type: E = Error

• Message class: ICC-FI - Dunning (Sweden)

• Message number: 459

• Message text: Select one interest rate per due date for account &, &

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message ICC-FI459 - Select one interest rate per due date for account &, & ?

  The SAP error message ICC-FI459 "Select one interest rate per due date for account &, &" typically occurs in the context of financial transactions involving interest calculations, particularly when dealing with loans, receivables, or payables in the SAP system. This error indicates that the system has detected multiple interest rates associated with a single due date for a specific account, which is not allowed.
  Cause:
  
  Multiple Interest Rates: The primary cause of this error is that there are multiple interest rates defined for the same due date for a specific account. This can happen if interest rates have been incorrectly configured or if there are overlapping entries in the interest rate table.
  Configuration Issues: There may be issues in the configuration of the interest rate settings in the SAP system, leading to ambiguity in which interest rate should be applied.
  Data Entry Errors: Manual data entry errors can also lead to multiple interest rates being assigned to the same due date.
  
  Solution:
  
  
  Review Interest Rate Configuration:
  
  Check the configuration settings for interest rates in the SAP system. Ensure that each due date has only one interest rate assigned.
  Navigate to the relevant configuration settings in the SAP system (usually found in the Financial Accounting module) and verify the interest rate definitions.
  
  
  
  Check Interest Rate Records:
  
  Use transaction codes like OB52 (for maintaining interest rates) or FBL1N (for vendor line items) to review the interest rates assigned to the account in question.
  Look for any duplicate entries or overlapping interest rates for the same due date.
  
  
  
  Adjust Data:
  
  If you find multiple interest rates for the same due date, you will need to adjust the records to ensure that only one interest rate is active for that due date.
  You may need to delete or modify the incorrect entries.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on managing interest rates and resolving related errors.
  
  
  
  Testing:
  
  After making adjustments, perform a test transaction to ensure that the error no longer occurs and that the interest calculations are functioning as expected.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB52, FBL1N, FBL3N, or FBL5N for managing financial records and interest rates.
  SAP Notes: Check SAP Notes for any known issues or patches related to interest rate handling in your version of SAP.
  User Roles: Ensure that you have the necessary permissions to make changes to interest rate configurations and account settings.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a financial consultant who specializes in SAP Financial Accounting.